July 11, 2008
Land-Rich Colleges Weigh Real-Estate Options
Real-estate-rich universities are taking advantage of new ways to develop their holdings through corporate partnerships, says a report by Moody's Investors Service. Those partnerships pose a wide range of payoffs and risks, the credit-rating agency says.
Universities have long been strategic real-estate investors. Many urban institutions own off-campus buildings while rural and suburban colleges often hold tracts of vacant land. Those "banked" real-estate holdings are viewed second
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